UPDATE 1-Autos dent profits at Malaysia's Sime Darby

Newswire

(Adds quotes, more details and background) KUALA LUMPUR, Aug 28 (Reuters) - Malaysian conglomerate Sime Darby reported an 18.6 percent fall in quarterly profit on Tuesday, dragged down by its auto and utilities businesses. The fourth-quarter result, the last before Sime Darby relists in a new merged business in November, underlined investor concerns about the merger, one broker said. Designed to appeal to global palm-oil investors, the merger puts together Sime Darby and two other ...

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